I understand that the propaganda line being put forth by almost all media sources is that some agents lost track of some guns, and that is the whole problem with Fast and Furious. If you misidentify the problem, getting to the wrong solution becomes easier.

The agents did not "lose track" of some guns. They deliberately allowed them to get away on orders from their superiors and despite their better judgment. Saying they "lost track" of the guns implies it was a mistake and that agent competence might be the problem.

It was no mistake, the agents were competent. They did not lose track of any guns. They walked them. BIG difference, even if the media is trying to erase it.